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BYNO

byNordic Acquisition Corporation

BYNO

byNordic Acquisition Corporation • NASDAQ
$12.15 ▲ 0.00% (+0.00)
Market Cap $86.59 M
52w High $12.99
52w Low $11.15
Dividend Yield 0%
P/E -135
Volume 25
Outstanding Shares 7.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $30K ▼ $-249.799K ▼ 0% $-0.03 ▼ $0 ▲
Q2-2025 $0 $242.931K ▼ $-135.963K ▲ 0% $-0.02 ▲ $-242.931K ▲
Q1-2025 $0 ▼ $283.06K ▲ $-179K ▼ 0% ▲ $-0.068 ▼ $-283K ▼
Q4-2024 $1.353M ▲ $147.672K ▲ $-175K ▲ -12.931% ▼ $-0.042 ▼ $-281K ▲
Q3-2024 $0 $30K $-206K 0% $-0.036 $-491K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $244.01K ▲ $5.736M ▼ $14.402M ▲ $-8.666M ▼
Q2-2025 $220.291K ▼ $12.609M ▲ $13.936M ▲ $-1.326M ▼
Q1-2025 $269.457K ▼ $12.499M ▲ $13.69M ▲ $-1.191M ▼
Q4-2024 $272.588K ▼ $12.249M ▼ $13.26M ▼ $-1.012M ▼
Q3-2024 $1.935M $13.701M $14.538M $-837.011K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-249.799K ▼ $-220.039K ▼ $6.963M ▲ $-6.72M ▼ $23.719K ▲ $-220.039K ▼
Q2-2025 $-135.963K ▲ $-180.267K ▲ $-68.899K ▲ $200K ▼ $-49.166K ▼ $-180.267K ▲
Q1-2025 $-179.458K ▼ $-532.195K ▲ $-120.936K ▼ $650K ▲ $-3.131K ▲ $-532.195K ▲
Q4-2024 $-174.572K ▲ $-1.931M ▼ $-31.297K ▼ $300K ▲ $-1.662M ▼ $-1.931M ▼
Q3-2024 $-206.146K $-390.323K $29.415M $-28.991M $33.163K $-390.323K

Five-Year Company Overview

Income Statement

Income Statement BYNO’s income statement reflects what it is: a shell company, not an operating business. There is essentially no revenue and no traditional profit from selling products or services. Any small earnings are likely from interest on cash or similar items, not from a core business. This means the usual measures of growth, margins, or business performance do not really apply yet. The real economic story will only start once a merger target is announced and combined with BYNO.

Balance Sheet

Balance Sheet The balance sheet is lean and simple, consistent with a SPAC structure. Assets and equity have been drifting down over time, with a small amount of debt recently appearing. This suggests modest ongoing costs and some use of financial flexibility while the company searches for a target. There are no large operational assets, no meaningful inventory, and no traditional working capital dynamics. For now, the balance sheet mainly represents a financial shell waiting to be filled by a future operating company.

Cash Flow

Cash Flow Cash flow data is effectively flat, again because BYNO is not running a normal business. There is no visible operating cash flow from customers, no capital spending on plants or equipment, and no investment in working capital. The main cash story happens off these simplified figures, in the trust account and deal-related expenses common to SPACs. Until a merger closes, cash flow analysis tells you very little about long‑term performance and mostly reflects administrative burn and deal costs.

Competitive Edge

Competitive Edge BYNO’s competitive position is defined by its role as a SPAC, not by products or market share. Its edge comes from its management team’s experience in Nordic and U.S. markets, and its focus on finding a high‑growth tech or fintech company in Northern Europe. This regional and sector focus can be a strength if the team sources a high‑quality target that might otherwise remain private or list locally. However, SPACs operate in a crowded space, and there is competition for attractive targets, regulatory scrutiny, and time pressure to complete a deal. BYNO’s ultimate standing will depend on the quality of the company it merges with and the terms of that transaction.

Innovation and R&D

Innovation and R&D BYNO itself does not develop technology or run research labs. Its “innovation” is in acting as a financial bridge: taking a promising Northern European tech or fintech firm and giving it access to the U.S. public markets. The true innovation and R&D story will belong to the future target company, not BYNO as a shell. Until that target is known, there is no visibility into future product pipelines, technology depth, or competitive differentiation on the operating side.

Summary

BYNO is best understood as a capital-raising vehicle waiting to combine with an operating company, rather than a business to analyze on its own fundamentals. Current financial statements show almost no revenue, minimal operating activity, and a thin but simple balance sheet, which is typical for a SPAC. The key value drivers are strategic: the management team’s network, its focus on Northern European tech and fintech, and its ability to structure an attractive merger. The main risks center on whether BYNO can find and negotiate a high‑quality deal before deadlines, how favorable the transaction terms are, and how much dilution or shareholder redemption occurs. In short, the real analysis starts only once a specific merger target is announced; until then, performance depends more on trust in the management team and the eventual deal than on current financial results.

NEWS

October 10, 2025 · 4:30 PM UTC

byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

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September 12, 2025 · 4:30 PM UTC

byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

Read more